The gains were largely driven by CBA’s huge loan book, with total home loans increasing by around $31 billion to $486 billion.

Of course, CBA also has a sizable number of liabilities, to the tune of almost $913 billion.

So the bank’s net asset figure in its annual report this morning was $63.7 billion, up from $60.6 billion in the 2016 financial year.

While net assets is a better guide for assessing the overall value of a company, the CBA’s steady growth towards the 13-figure mark for total assets is impressive.

As CBA edges closer to $1 trillion in total assets, we thought we’d compare the bank’s figures to the GDP of countries around the world.

Turns out CBA’s assets stack up pretty well against the total output of some notable countries.

To make the comparison, we’ve revised the bank’s total asset figure to account for the US dollar exchange rate, so that it compares directly with GDP figures from the World Bank which are recorded in US dollars.

Multiplying CBA’s total assets by this morning’s exchange rate of 0.7910, we arrived at a figure of $US772,016,00.

Here’s a table showing the output of some large developed economies in 2016, which still doesn’t stack up to CBA’s huge portfolio of loans and other assets:

Business Insider, Commonwealth Bank of Australia, World Bank data

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